Litecoin continues to rally.Litecoin - 24h expiry - We look to Buy at 88.62 (stop at 86.12)
There is no indication that the rally is coming to an end.
Short term momentum is bullish.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look for gains to be extended today.
Our short term bias remains positive.
Our profit targets will be 94.62 and 96.62
Resistance: 87.50 / 88.50 / 91.00
Support: 84.33 / 83.50 / 81.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
LTCUSD
LTC Pre-Halving Pump into Q2 2023 -Crypto's first sign of springPrice Action into LTC halving seems consistent without regard to market sentiment.
SENTIMENT AND ENVIRONMENT INTO LTC HALVINGS:
2014 - "MT Gox.. Silk road... etc"
2018 - "ICO crash, BlockWars, China Crypto Banning, Fed tightening. . .etc"
2022 - "FTX collapse, Fed Tightening, 3 arrows capital, etc etc"
LTC seems to not care and its halving is usually about 9-18 months before BTC halving event
Watching to see how this plays out will be useful to know if money is still interested in this space.
Litecoin to follow Bitcoin gains?Litecoin - 24h expiry - We look to Buy a break of 79.51 (stop at 77.11)
We are trading at oversold extremes.
A higher correction is expected.
Bullish divergence is expected to support prices.
79.34 has been pivotal.
A break of the recent high at 79.34 should result in a further move higher.
Our profit targets will be 85.51 and 87.51
Resistance: 77.95 / 79.34 / 81.00
Support: 75.76 / 75.00 / 73.20
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Is it time to sell LTC as death cross just occured?As you may already know, a "death cross" occurred on the LTC/USD chart on June 19th, 2021. This is a technical analysis term that refers to when the 50-day moving average crosses below the 200-day moving average, indicating a potential trend reversal to the downside.
This is not something to be taken lightly, as it could be a sign of further losses for LTC in the coming weeks and months. As investors, it is important to be aware of these indicators and make informed decisions about our holdings.
Therefore, I am urging you to consider selling your LTC holdings currently. While it may be tempting to hold on and hope for a rebound, the death cross is a strong warning sign that should not be ignored.
Of course, it is ultimately up to each individual to make their own investment decisions. However, I believe it is important to share this information with the community and encourage everyone to take a cautious approach.
✴️ Litecoin | Recovery Or Fail? Consider The Bigger PictureThe main chart above is indeed what we are seeing... But weakness abound or at least the feeling of weakness and doubt is in the air. Maybe because it is Sunday? Or because we will see a crash tomorrow?
Recovery or fail?
Here is the fail version of this chart:
To be honest, everything goes but many Altcoins already went through the "fail" pattern, the lower low.
The weak ones already went lower, some broke even their June 2022 low/support.
The strong ones remain high, in this case a higher low compared to the March 2023 support.
We are open to all scenarios but the chart remains bullish for Litecoin as long as it trades above its March 2023 low/support. That is short-term.
The bigger picture is clearly up.
Namaste.
LTCUSDT ⚠️"Litecoin has lost three important and primary supports in its recent decline. There is one significant static support at a price of $75 and two trendline supports indicated by red and yellow colors on the chart.
Currently, the price is below all three previous supports, and naturally, they will now act as resistances. In my opinion, if today's candle closes below these three lines, we should expect further decline and a fall towards the main trendline, represented by the green color on the chart.
Therefore, today's candle is crucial for me, and if it doesn't return above the support lines, I will be looking for a selling point."
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
LTCUSD ❕ returned in the downward channelLTC is moving in a downward channel near the liquidity level.
50EMA has broken down 200EMA on the 4H Timeframe.
The RSI chart is moving below 50 pips at 4H, 1H and 30m TFs.
I believe the asset will continue to decline after prices fix below the current range.
Litecoin to break higher?Litecoin - 24h expiry - We look to Buy a break of 91.11 (stop at 89.11)
The bullish engulfing candle on the 4-hour chart the positive for sentiment.
Expect trading to remain mixed and volatile.
The bias is to break to the upside.
A break of yesterdays high would confirm bullish momentum.
Daily signals are mildly bullish.
Our profit targets will be 96.11 and 97.11
Resistance: 88.00 / 90.00 / 91.08
Support: 86.89 / 85.37 / 84.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS Welcome to this quick LTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Litecoin (LTC) was one of Monday’s biggest losers, as prices fell by as much as 5%.
Following a high of 96.36 on Sunday, LTC/USD sank to an intraday bottom at the 91.79 level.
This drop sees Litecoin fall for a second consecutive session, after a false breakout of a ceiling at 96.00
prices were relatively overbought, with the RSI hovering close to a ceiling at 62.00, prior to the decline.
Previous LTC bulls likely shifted their positions due to the proximity to the aforementioned resistance point.
the index is now tracking at 52.00 after this sell-off, with a floor at 50.00 as a potential landing zone.
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LTCUSDTThere are only 60 days left until the halving of Litecoin, and according to the data we have from the previous halvings, the upward movement will continue until 40 days before the halving, and after that the downward movement will begin. So, most likely, less than 20 days from The upward days of Litecoin remain and the prediction of the price of 130 dollars for these days should not be far from imagination. You should also consider possible sharp movements for such events.
⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
Litecoin (LTC) Price Analysis 2023Litecoin (LTC) ranks 12th on CoinMarketCap in terms of its market capitalization. The overview of the Litecoin Price prediction for 2023 is explained below with a daily time frame.
In the above chart, Litecoin (LTC) laid out an ascending triangle pattern. It is the inverse of the head and shoulder pattern. Generally, in this pattern, the price action slides downwards and then rises up. Thus, forming three troughs in the pattern, left shoulder, head, and right shoulder.
This pattern can be a potential signal for the upcoming bullish market. If the price action establishes a breakout above the neckline resistance, the price might rise up to new highs.At the time of analysis, the price of Litecoin (LTC) was recorded at $91.99. If the pattern trend continues, the price of LTC might reach the resistance levels of $93.31 and $11. If the trend reverses, then the price of LTC may fall to the support of $83.31
Litecoin to break higher?Litecoin - 24h expiry - We look to Buy a break of 95.51 (stop at 93.51)
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
A break of yesterdays high would confirm bullish momentum.
We look for gains to be extended today.
Short term momentum is bullish.
Our profit targets will be 100.51 and 101.51
Resistance: 95.50 / 97.00 / 98.50
Support: 94.30 / 93.60 / 92.38
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
LTC gearing for a breakout of lonterm acsending triangle LTC has been building an ascending triangle since June – 2022 and is inching closer near breaking above as this pattern is typically broken to the upside.
The LTC halving is scheduled for Aug 5th and if we look left on the charts for the past 2 LTC halving’s, price action topped in June/July before the Aug dates.
Watching the 4-day MACD cross will give us more clues to the weekly chart looking for the momentum we need to break above, and it looks to be crossing now! ✔
LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS Welcome to this quick LTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Litecoin (LTC) was one of Thursday’s notable gainers, as prices moved past a key resistance level.
Following a low of 88.35 on Thursday, LTC/USD rose to an intraday peak at 94.21 earlier in the day.
Litecoin broke out of its recent ceiling at 93.00, hitting a two-week high in the process.
it appears that Thursday’s surge came as the 14-day relative strength index (RSI) broke out of a ceiling at 58.00.
Since the breakout, the index has continued to climb, and as of writing this is currently tracking at 59.76.
In the event momentum continues in this direction, there is a strong chance that LTC will move above 95.00.
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Thank you...